{"id":10279,"date":"2025-06-23T11:03:00","date_gmt":"2025-06-23T10:03:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=10279"},"modified":"2025-06-23T10:23:06","modified_gmt":"2025-06-23T09:23:06","slug":"bitcoin-is-it-time-to-brace-for-a-drop-to-82000","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/bitcoin-is-it-time-to-brace-for-a-drop-to-82000\/","title":{"rendered":"Bitcoin : Is it time to brace for a drop to $82,000 ?"},"content":{"rendered":"\n

A Deeper Correction for Bitcoin ?<\/h2>\n\n\n\n

According to Glassnode’s extreme deviation bands, the price of Bitcoin<\/a> fell below the +0.5\u03c3 band on June 21. Historically, this signal often indicates a broader correction.<\/strong><\/p>\n\n\n\n

\"Bitcoin
source: Glassnode<\/figcaption><\/figure>\n\n\n\n

Furthermore, the price drop resulted in a decrease in the Stablecoin Supply Ratio (SSR), indicating increased buying power in the market. However, this does not guarantee an immediate rebound.<\/p>\n\n\n\n

Despite the accumulation of buying power, the downside risk remains high.<\/strong> The price drop of BTC<\/a> compared to its all-time high was only -8.75%<\/strong> on June 21, while historical retracements ranged from 20%<\/strong> to over 50%<\/strong> before a rebound.<\/p>\n\n\n\n

A clear break above the all-time high could prove challenging. The current market volatility may persist, with a possible further drop below $100,000 before the next major move.<\/p>\n\n\n\n

What Levels to Watch ?<\/h2>\n\n\n\n

The average cost of purchase for short-term holders was nearly touched yesterday during the drop of BTC to $98,321. This level could be tested again in the coming days, reaching $98,174.<\/p>\n\n\n\n

\"Bitcoin
Source: Checkonchain<\/figcaption><\/figure>\n\n\n\n

According to Axel, over 14K BTC were sold at a loss in the last 24 hours, compared to 3K in profits. \u201cThe market is now on high alert due to a possible response from Tehran, including threats against US personnel in the region or a potential closure of the Strait of Hormuz,\u201d<\/em> he notes.<\/p>\n\n\n\n

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Over the past 24 hours, 14.7K BTC was sold at a loss and 3.1K with profit on CEX exchanges. In total, 17.8K BTC was realized by short-term holders, with net capitulation amounting to 11.6K BTC.

The BTC drop occurred against the backdrop of the US striking three Iranian nuclear\u2026 pic.twitter.com\/2FIiMXWnXy<\/a><\/p>— Axel \ud83d\udc8e\ud83d\ude4c Adler Jr (@AxelAdlerJr) June 23, 2025<\/a><\/blockquote>